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Article: Gulf firms keen to hop on Iraq growth wagon.
- Article from:
- Gulf News (United Arab Emirates)
- Article date:
- August 22, 2009
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Byline: Nadia Saleem, Staff Report
Dubai: Regardless of Iraq's political troubles, Gulf companies are eager to make profits in a country that has the oil-driven potential to develop exponentially.
Struggling to recover from the war, Iraq is desperately in need of developing its infrastructure.
Launched in May, Iraq's National Investment Commission (NIC) is promoting foreign investment to draw $500 billion (Dh1.83 trillion) of investment for reconstruction and development in the next six years.
While part of the development was difficult to finance nationally, now the revenues are starting to trickle in from oil production in the ...